burns and bush chapter 15

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Chapter 15 Basic Data Analysis: Descriptive Statistics

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Marketing Research 2

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Page 1: Burns And Bush Chapter 15

Chapter 15

Basic Data Analysis: Descriptive Statistics

Page 2: Burns And Bush Chapter 15

Coding Data and the Data Code Book

• Data entry: refers to the creation of a computer file that holds the raw data taken from all of the questionnaires deemed suitable for analysis

• Data coding: refers to the identification of codes that pertain to the possible responses for each question on the questionnaire

• Data code book: identifies all of the variable names and code numbers associated with each possible response to each question that makes up the data set

Page 3: Burns And Bush Chapter 15

Types of Statistical Analyses Used in Marketing Research

Data Reduction

• Data reduction: the process of describing a data matrix by computing a small number of measures that characterize the data set

• Four functions of data reduction:• Summarizes the data• Applies understandable conceptualizations• Communicates underlying patterns• Generalizes sample findings to the population

Page 4: Burns And Bush Chapter 15

Types of Statistical Analyses Used in Marketing Research

Statistical Analysis

Page 5: Burns And Bush Chapter 15

Types of Statistical Analyses Used in Marketing Research

Statistical Analysis

• Five types of statistical analysis: • Descriptive analysis: used to describe the data set• Inferential analysis: used to generate conclusions

about the population’s characteristics based on the sample data

• Differences analysis: used to compare the mean of the responses of one group to that of another group

• Associative analysis: determines the strength and direction of relationships between two or more variables

• Predictive analysis: allows one to make forecasts for future events

Page 6: Burns And Bush Chapter 15

Understanding Data Via Descriptive Analysis

• Two sets of descriptive measures:• Measures of central tendency: used to report a

single piece of information that describes the most typical response to a question

• Measures of variability: used to reveal the typical difference between the values in a set of values

Page 7: Burns And Bush Chapter 15

Understanding Data Via Descriptive Analysis

Measures of Central Tendency

• Mode: the value in a string of numbers that occurs most often

• Median: the value whose occurrence lies in the middle of a set of ordered values

• Mean: sometimes referred to as the “arithmetic mean”; the average value characterizing a set of numbers

Page 8: Burns And Bush Chapter 15

Understanding Data Via Descriptive Analysis

Measures of Variability

• Frequency distribution: reveals the number (percent) of occurrences of each number or set of numbers

• Range: identifies the maximum and minimum values in a set of numbers

• Standard deviation: indicates the degree of variation in a way that can be translated into a bell-shaped curve distribution

Page 9: Burns And Bush Chapter 15

Understanding Data Via Descriptive Analysis

Measures of Variability…cont.

Page 10: Burns And Bush Chapter 15

When to Use a Particular Descriptive Measure